On a Daily time frame, Tech Mahindra is forming Higher High and Higher Low. Based on Demand and Supply power pattern, A buying zone has been formed known as FTR. Buying price as per zone - 1650.5 , Stop loss would be below the zone, i.e. - 1576 and the target would be new higher high. Safe trader can keep a target 1820 which is near its recent high as it can act...
I expected a reverse in Nifty in my last ideas , but the point I missed is that reversal happened already. Now Nifty formed an FTB and Quasimodo and it started its bullish momentum. So I reanalysed my prev idea and corrected it now. Disclaimer: Educational purpose only
Power Patterns of price action in Railtel
Monthly chart of astral polytechnic shows ftr and FTB with Compression Disclaimer: only for educational purpose
Power Grid might be in FTB pattern... Reversal to upside is expected Disclaimer: for Educational purpose
Ftr and FTB PATTERNS in NIFTY 50 Disclaimer: For educational purpose only